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Global SovereignQ

Description

Utilize a model-driven investment discipline and construct a diversified portfolio of independent alpha engines using all major global markets. Value can be added through country and currency allocation, as well as duration and yield curve positioning. Rigorous analyses are performed using proprietary quantitative models combined with professional insights and experience of the portfolio management team to determine the relative-value positions that seek to provide optimal risk/return characteristics. Risk/return is customizable without the use of financial leverage.

Investment Vehicles

Performance as of March 31, 2020

Returns for periods greater than one year are annualized. Please see the Performance and Risk Disclosures for more detail.

Portfolio Characteristics as of March 31, 2020

Leverage None
Credit Quality AA
Effective Duration 9.16 years
Spread Duration 1.85 years
Yield-to-Worst 0.59%

Snapshot

Strategy AUM: Total Global SovereignQ Assets:
USD4.0 billion (as of March 31, 2020)
Benchmark: FTSE World Government Bond Index
Inception Date: 01 Oct 09

Sector Allocation as of March 31, 2020

Sectors Portfolio (%) Benchmark (%)
Treasury 21.1 41.2
Developed Non- USD 58.4 56.7
EM Local Currency 4.2 2.1
Cash & Cash Equivalents 16.3 0.0
Country Exposure, Top Ten (MV) Portfolio (%) Benchmark (%)
United Kingdom 28 5
United States 21 41
Cash & Cash Equivalents 16 0
Japan 8 18
Spain 6 4
France 6 8
Mexico 4 1
Italy 4 7
Germany 3 5
Belgium 2 2
Note: Sector allocation includes look-through to any underlying commingled vehicles if held. Data may not sum to total due to rounding.
IMPORTANT INFORMATION: All investments involve risk including loss of principal. Past performance is not indicative of future investment results. This information is only for use by professional clients, eligible counterparties or qualified investors. It is not aimed at, or for use by, retail clients.
Employees and/or clients of Western Asset may have a position in the securities mentioned. This has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation or needs. It is your responsibility to be aware of and observe the applicable laws and regulations of your country of residence.

Western Asset Management Company Distribuidora de Títulos e Valores Mobiliários Limitada is authorised and regulated by Comissão de Valores Mobiliários and Banco Central do Brasil. Western Asset Management Company Pty Ltd ABN 41 117 767 923 is the holder of the Australian Financial Services Licence 303160. Western Asset Management Company Pte. Ltd. Co. Reg. No. 200007692R is a holder of a Capital Markets Services Licence for fund management and regulated by the Monetary Authority of Singapore. Western Asset Management Company Ltd is a registered Financial Instruments Business Operator and regulated by the Financial Services Agency of Japan. Western Asset Management Company Limited is authorised and regulated by the Financial Conduct Authority ("FCA"). This communication is intended for distribution to Professional Clients only if deemed to be a financial promotion in the UK and EEA countries as defined by the FCA or MiFID II rules.